EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1246. Today, the pair may form one more ascending structure to reach 1.1268 and then start another decline towards 1.1230. Later, the market may return to 1.1246 and test it from below. If the price breaks this range to the downside, the instrument may resume trading downwards with the target at 1.1212.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the upside target; right now, it is consolidating at the top. Possibly, the pair may expand the range up to 1.2727 and then start another decline with the target at 1.2633.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating near the lows. Possibly, today the pair may break the range upwards and start a new correction to reach 0.9999. After that, the instrument may resume falling with the target at 0.9955.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating near the lows. Possibly, the pair may form a new descending structure to expand the range down to 107.63. Later, the market may be corrected with the target at 109.25.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has been supported by 0.6955; right now, it is still trading upwards. Possibly, the pair may reach 0.7020. After that, the instrument may start another correction with the target at 0.6940.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 65.20. Possibly, the pair may form a new descending structure towards 64.93. If later the price breaks the range to the upside, the instrument may extend the wave with the target at 66.06; it to the downside – resume trading inside the downtrend towards 64.14.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1324.00. If later the price breaks the range to the upside, the instrument may resume growing with the target at 1333.00; it to the downside – start a new correction towards 1310.00.
Brent is still consolidating around 62.22. Possibly, the pair may break 63.40 and then start a new growth with the target at 65.65. After that, the instrument may fall to return to 63.40, thus forming a reversal pattern. However, if the price breaks 65.65 upwards, the instrument may form one more ascending structure with the target at 70.00.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.